International Precious Metal Overview : 07.11.2013

International Precious Metal Overview

7/11/2013
  • Gold held gains after the biggest advance in almost two weeks as investors await reports that may show the U.S. economy lost momentum last quarter and employers added fewer workers, boosting the case for sustained stimulus.
  • Bullion for immediate delivery was at $1,318.78 an ounce at 8:08 a.m. in Singapore from $1,317.93 yesterday, when prices climbed 0.5 percent, the most since Oct. 24. Gold for December delivery was little changed at $1,317.20 on the Comex.
  • Silver for immediate delivery was little changed at $21.803 an ounce after rising 0.5 percent yesterday. Platinum declined 0.2 percent to $1,462.88 an ounce. Palladium was little changed at $763.90 an ounce after climbing to $765.04 yesterday, the highest level since Aug. 16.
  • Copper climbed after from the lowest level in almost a month before the release of U.S. data that may help investors gauge when the Federal Reserve will begin tapering bond purchases and ahead of Chinese trade figures
Posted by